Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Nova Tube & Steel has deferred its Q2 plans to begin construction of a new steel pipe and tube production plant in Delta, Ohio, until early next year. The construction was slated to begin on May 1 but was put on hold due to the impact of the COVID-19 pandemic, the company said.


The steel manufacturer originally announced its plans in February to invest about $70mn to open two structural tube mills. The Ohio project is expected to result in over 100 new jobs over the next few years, based on the steel market’s demand. 


The expected commencement date to break ground and begin infrastructure work has not been revised yet. However, full operations are projected to begin in January 2022 with some preparatory work slated to start by September 2020.


Completion of the new facility is anticipated by October 2021, if economic and industry recovery continues at its current pace. The new plant will produce steel pipes and hollow structural sections. 


Headquartered in Montreal, Canada, Nova undertakes slitting, pickling, temper rolling, tube making, and steel pipe processing at 18 facilities across North America. The company is a supplier to the automotive, construction, mining, rail, defense sector, and associated industries in the continent.

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